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MIDROC Gold Mine Pvt. Ltd. Co. (MGOLD)

MINING

MIDROC Gold is also planning to mine the deeper level resources of the present open pit mine, for this purpose an underground project is in progress. To date more than 3km of underground workings have been done, and the deeper resources have been evaluated for a minable vertical depth of 115m and a strike of 350m. The evaluation was done by 50m x 25m grid core drilling, which was conducted from underground cubbies. The ore bodies are open both down dip and along the strike, exploration drilling will continue for the deeper levels and other lenses that have not yet been evaluated.

Cut-and-Fill mining method has been selected and confirmed by an international consultant; the corresponding mine design has been done. The project is presently preparing the relevant infrastructures required for a full scale underground mine, which is planned to commence in 2007/2008. With the additional resources to be upgraded and evaluated in 2006/2007, the planned life-of-mine of the underground mine is up to 2018.

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